5 Stocks Dragging The Electronics Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 62 points (-0.4%) at 15,060 as of Wednesday, June 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 760 issues advancing vs. 2,254 declining with 88 unchanged.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Linear Technology ( LLTC) is one of the companies pushing the Electronics industry lower today. As of noon trading, Linear Technology is down $0.41 (-1.1%) to $35.94 on light volume Thus far, 436,700 shares of Linear Technology exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $35.93-$36.73 after having opened the day at $36.63 as compared to the previous trading day's close of $36.35.

Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits (ICs) worldwide. Linear Technology has a market cap of $8.7 billion and is part of the technology sector. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 8.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Linear Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Linear Technology Ratings Report now.

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